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Mar 17, 2010, 04.33 PM IST | Source: Reuters

Religare Tech buys healthcare biz of Sobha Renaissance

Healthcare and IT solutions provider Religare Technologies Ltd has acquired the healthcare business of Sobha Renaissance Information Technology Private Ltd.

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Healthcare and IT solutions provider Religare Technologies Ltd has acquired the healthcare business of Sobha Renaissance Information Technology Private Ltd.

Sobha Renaissance is a company promoted by the founder of Sobha Developers . The financial terms of the acquisition were not disclosed.

Sobha stock price

On January 30, 2015, Sobha closed at Rs 473.05, down Rs 13.15, or 2.7 percent. The 52-week high of the share was Rs 581.00 and the 52-week low was Rs 260.20.


The company's trailing 12-month (TTM) EPS was at Rs 21.87 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 21.63. The latest book value of the company is Rs 228.73 per share. At current value, the price-to-book value of the company is 2.07.

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